Frank Rimerman Advisors LLC Has $641,000 Holdings in Starwood Property Trust, Inc. $STWD

Frank Rimerman Advisors LLC decreased its position in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 43.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,927 shares of the real estate investment trust’s stock after selling 24,962 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Starwood Property Trust were worth $641,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Starwood Property Trust during the second quarter worth $765,811,000. Boston Partners boosted its position in Starwood Property Trust by 124.4% during the second quarter. Boston Partners now owns 1,102,847 shares of the real estate investment trust’s stock valued at $22,060,000 after acquiring an additional 611,303 shares during the last quarter. HighTower Advisors LLC boosted its position in Starwood Property Trust by 10.7% during the first quarter. HighTower Advisors LLC now owns 1,993,652 shares of the real estate investment trust’s stock valued at $39,414,000 after acquiring an additional 193,417 shares during the last quarter. Northern Trust Corp grew its holdings in Starwood Property Trust by 3.6% during the 1st quarter. Northern Trust Corp now owns 5,479,313 shares of the real estate investment trust’s stock worth $108,326,000 after acquiring an additional 192,283 shares during the period. Finally, Great Lakes Advisors LLC bought a new position in shares of Starwood Property Trust in the 1st quarter worth about $3,711,000. Institutional investors and hedge funds own 49.82% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on STWD. Weiss Ratings restated a “hold (c)” rating on shares of Starwood Property Trust in a research report on Wednesday, October 8th. Wells Fargo & Company dropped their price target on Starwood Property Trust from $23.00 to $22.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 11th. Wall Street Zen upgraded Starwood Property Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Keefe, Bruyette & Woods reduced their price objective on shares of Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating for the company in a research report on Wednesday, November 12th. Finally, Zacks Research lowered shares of Starwood Property Trust from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 29th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Starwood Property Trust has an average rating of “Hold” and an average price target of $20.63.

Starwood Property Trust Trading Down 0.5%

Shares of Starwood Property Trust stock opened at $17.59 on Thursday. The stock has a market capitalization of $6.51 billion, a PE ratio of 16.13 and a beta of 1.27. Starwood Property Trust, Inc. has a 52 week low of $16.59 and a 52 week high of $21.05. The stock has a 50 day moving average price of $18.92 and a two-hundred day moving average price of $19.65. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.61 and a current ratio of 1.61.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings data on Monday, November 10th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.04). Starwood Property Trust had a net margin of 20.58% and a return on equity of 8.72%. The business had revenue of $247.87 million for the quarter, compared to analyst estimates of $479.70 million. During the same quarter in the prior year, the business earned $0.48 earnings per share. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, equities analysts anticipate that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current fiscal year.

About Starwood Property Trust

Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and internationally. The company operates through Commercial and Residential Lending, Infrastructure Lending, Property, and Investing and Servicing segments. The Commercial and Residential Lending segment originates, acquires, finances, and manages commercial first mortgages, non-agency residential mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), and residential mortgage-backed securities, as well as other real estate and real estate-related debt investments, include distressed or non-performing loans.